BEIJING, Oct. 21,
2022 /PRNewswire/ -- TuanChe Limited ("TuanChe"
or the "Company") (NASDAQ: TC), a leading integrated
automotive marketplace in China,
has recently signed a strategic cooperation agreement with YangMing
New Energy Technology ("YangMing") to expand its research
capabilities in the field of
EV batteries as well as strengthen
the Company's supply chain capacity. YangMing is focused on
developing safer, more efficient, and more cost-effective
technologies for electric vehicles and energy storage via
supercapacitor and solid-state battery systems. Collaborating
with Xi'an Jiaotong University, YangMing also established the
Yangming Jiaotong University Joint Research Institute of
Supercapacitor Batteries and Solid-state Batteries Energy Storage
in January 2021.
With a shared vision to provide battery and energy storage
technologies that offer a leap in performance and reliability,
TuanChe and YangMing will work together to promote the development
of ultra-safe solid-state batteries. YangMing plans to complete the
construction of 20 battery production lines by 2023, leveraging
TuanChe's established supply chain network and access to key
players in the country's growing EV market. Under the strategic
cooperation agreement, the two companies will also cooperate on
research projects regarding solar power supply systems and in the
area of sodium-ion batteries.
Regarding the cooperation, Mr. Wei
Wen, TuanChe's Chairman and CEO, said, "Rapid developments
in the new energy vehicle market have resulted in increasingly
higher demand for batteries and related technologies. Critical to
the advancements in the automotive industry, ultra-safe, durable,
and adaptable batteries have recently become possible with the
latest technological developments and innovations in materials,
while supply chains are yet to scale up to keep up with demand.
Empowered by our expertise in supply chain management and
coordination as well as YangMing's technological expertise in
ultra-safe solid-state batteries, our close cooperation in
developing and manufacturing high-quality, cutting-edge batteries
will position us at the forefront of industry development and allow
us to become trusted leaders in the field of new energy."
Since its establishment in 2021, the YangMing Jiaotong
University Joint Research Institute of Super-capacitor Batteries
and Solid-state Batteries Energy Storage has recorded a number of
technological breakthroughs. At present, the research institute is
capable of producing batteries with an energy density of 300Wh/kg
and is on track to increase that to 350Wh/kg by the end of this
year. In addition, its battery samples have passed the
industry-standard testing GBT 31485-2015 "Safety Requirements and
Test Methods for Traction Battery of Electric Vehicle,"
establishing their performance safety under the conditions of
extrusion, puncture, extreme temperature, and short-circuiting.
Yangming's product of Super-capacitor battery with a 3.6v voltage
and an energy density of 160Wh/kg will be put into production at
the end of this month.
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements include,
without limitation, the Company's business plans and development
and business outlook, which can be identified by terminology such
as "may," "will," "expect," "anticipate," "aim," "estimate,"
"intend," "plan," "believe," "potential," "continue," "is/are
likely to" or other similar expressions. Such statements are based
upon management's current expectations and current market and
operating conditions, and relate to events that involve known or
unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control. Further information regarding these and other risks,
uncertainties or factors is included in the Company's filings with
the U.S. Securities and Exchange Commission. The Company does not
undertake any obligation to update any forward-looking statement as
a result of new information, future events or otherwise, except as
required under law.
About TuanChe
Founded in 2010, TuanChe Limited (NASDAQ: TC) is a leading
integrated automotive marketplace in China. TuanChe offers
services to connect automotive consumers with various industry
players such as automakers, dealers and other automotive service
providers. TuanChe provides automotive marketing and transaction
related services by integrating its online platforms with offline
sales events. Through its integrated marketing solutions, TuanChe
turns individual and isolated automobile purchase transactions into
large-scale collective purchase activities by creating an
interactive many-to-many environment. Furthermore, leveraging its
proprietary data analytics and advanced digital marketing system,
TuanChe's online marketing service platform helps industry
customers increase the efficiency and effectiveness of their
advertising placements.
For more information, please contact ir@tuanche.com.
SOURCE: Tuanche Limited
For investor and media inquiries, please
contact:
TuanChe Limited
Investor Relations
Tel: +86 (10) 6397-6232
Email: ir@tuanche.com
The Piacente Group, Inc.
Brandi Piacente
Tel: +1 (212) 481-2050
Email: tuanche@tpg-ir.com
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SOURCE TuanChe Limited